Karex / Goh Siang

Re: Karex / Goh Siang

Postby winston » Tue Nov 24, 2020 11:36 am

On the comeback trail

1QFY6/21 core net profit of RM5.3m (>100% yoy) beat expectations, at 26.4% of our full-year estimate and 51.6% of Bloomberg consensus.

We expect Karex to post stronger quarterly earnings over the next nine months, driven by higher sales volumes and ASP for its condoms.

We reiterate our Add call with a higher TP of RM1.38 (26x CY22 P/E).

Source: CIMB

https://rfs.cgs-cimb.com/api/download?f ... CFF9501AEB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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